GasBuddy’s chief analyst predicts we will see lower gasoline prices this year as they slip below $3 a gallon. It’s the national forecast of Patrick De Haan. GasBuddy already reports prices down to $2.77 a gallon in some Oklahoma City locations. “I think the second half of the summer is going to be more …
House Committee to explore fire weather predictions
A House Committee chaired by Oklahoma Congressman Frank Lucas plans to explore the nation’s fire weather prediction capabilities. Rep. Lucas announced the Science, Space and Technology committee hearing will also assess collaborations between the National Oceanic and Atmospheric Administration (NOAA) and state and local officials and commercial partners in order to ensure the safety of …
Ovintiv extends its Kingfisher County success
Ovintiv USA Inc. continued with its historic success of major producing oil wells in Kingfisher County with the filing of completion reports on 3-wells on a single pad that had combined production of nearly 2,700 barrels of oil a day. The three Sarah wells are located at 29 15N 7W, a site one mile north …
Crude prices respond to Saudi Arabia’s oil cuts with a jump on Wednesday
U.S. crude prices rose 3% or $2 a barrel on Wednesday but Oklahoma energy stocks didn’t experience the same kind of gains. The crude gains were in response to supply cuts announced earlier in the week by Saudi Arabia and Russia. West Texas Intermediate crude managed a 2.9% or $2 a barrel gain to …
Improper truck weights produce revenue for state regulators
Just how many trucks are traveling across Oklahoma in violation of weight laws and other regulations? According to a report given Oklahoma Corporation Commissioners this week, the total was more than 4,600 citations issued in the month of May. Deputy General Counsel Darren Ferguson updated commissioners Wednesday indicating the 4,619 citations brought in $546,227 …
Seniors group opposes Rail Safety Act—calls it bloated bureaucracy
At least one group says the Biden administration’s proposed Railway Safety Act is just another misguided and misnamed bill from D.C. bureaucrats and politicians. It’s what Saul Anuzis, president of 60 Plus Association writes, calling it another bloated and bureaucratic bill. He wants Oklahoma retires and seniors to get involved to fight the measure, …
Solar farm near historic bird sanctuary in Kansas has opponents
Plans by a Spanish company to build a large solar farm around the historic Cheyenne Bottoms in central Kansas have run into some opposition. Cheyenne Bottoms is described as the largest marsh in the interior of the U.S. as well as the most important shorebird migration point in the western hemisphere. It’s estimated 45% …
Tallgrass and Korea Western Power team up to advance South Korea’s clean energy goals
Kansas City’s Tallgrass Energy has agreed with Korea Western Power to develop green hydrogen production, a process that makes hydrogen from renewable energy and electrolysis. The agreement covers the development of gigawatt scale green hydrogen and ammonia production. This announcement builds on a previous memorandum of understanding Tallgrass executed with Intersect Power, a leading …
Patterson-UTI expansion continues with another acquisition
Patterson-UTI Energy Inc., a Texas company with drilling rigs located throughout Oklahoma, announced it has acquired Fort Worth-based Ulterra Drilling Technologies LP in a nearly $780 million deal. It is a move that will give Patterson a more global reach. Ulterra is a global provider of specialized drill bit solutions and will be acquired …
Energy headlines
** McKinsey & Co. joined the growing chorus warning that metals considered key to the clean-energy transition face shortages in coming years, potentially suppressing the adoption of electric cars, wind turbines and solar panels. ** US factory activity contracted for an eighth month in June, slipping to the weakest level in more than three years …